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The blog figures that Baggins' home works out to about 4,500 square feet, which features three bedrooms, a potato garden, and other living rooms (with several cellars and pantries for second lunch, of course).

Based on a comparison of a suitable location in Worcestershire (at a cost of $296 per square feet), a real-life Hobbit home would probably cost around $1,330,000, the Movoto bloggers reckon.

I looked up real estate prices in Matamata, New Zealand, the place where most of the actual Hobbiton scenes were shot in Peter Jackson's various Tolkien-inspired films. Average houses with similar specifications to Bag End started around $225,000, but you'd need a whopper of an artistic construction crew to recreate the finer looks of a Hobbit home.

Want a cheaper alternative? Check out this incredible Lego set based on Bilbo's Bag End home that costs far less than attempting to recreate the real deal.

The hobbit hole's amenities. (Click to see full infographic.)
Screenshot by Christopher MacManus/CNET